News / Peak season sees freight rates more buoyant and carriers bullish on price hikes

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Container freight rates on the major east-west deepsea trades are beginning to lift as the peak season begins and price hikes scheduled for next week make their presence felt in the market.

Today’s Shanghai Containerised Freight Index (SCFI), a basket of rates quoted for the forthcoming week, saw its composite rate today up 8.8% week on week, with increases seen on almost every trade it tracks.

The rate on the Shanghai-North Europe grew 7.3% this week to finish at $926 per teu, compared with $863 ...